Scenario 26-1. Assume the following information for an imaginary, closed economy. GDP $100,000 Taxes $22,000 Government Purchases $25,000 National Saving $15,000 Refer to Scenario 26-1. For this economy, investment amounts to a. $18,000. b. $15,000. c. $38,000. d. $12,000.
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- Q16Suppose that every additional 3 percentage points in the investment rate boosts GDP growth by 1 percentage poi Assume also that all investment must be financed with consumer saving. Note: Investment rate= Investment/GDP The economy is currently characterized by Consumption: $7 trillion Saving (= Investment): $2 trillion = GDP: $9 trillion If the goal is to raise the growth rate by 2 percentage points, a. by how much must investment increase? b. by how much must consumption decline? PLEASE SHOW YOUR WORK. BILLIONS BILLIONSThe following table provides data for output (real GDP) and saving. a. Fill in the missing numbers (gray-shaded cells) in the table. Instructions: In the table, round your answers to 3 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Level of Output and Income (GDP = DI) Consumption Saving АРС APS $240 $-16 260 -8 280 300 8 320 16 340 24 360 32 380 40 400 48 What is the value of the marginal propensity to consume? Instructions: Round your answer to one decimal place. What is the value of the marginal propensity to save? b. What is the break-even level of income in the table? Instructions: Enter your answer as a whole number. Break-even level of income =
- QUESTION 11 What does (Y - T-C) represent in a closed economy? a. national saving b. private saving С. public saving d. government tax revenue a C QUESTION 12 For an imaginary closed economy, T = $12,000; S = $22,000;C = $90,000; and the government is running a budget surplus of $4,000. Then %3D %3D private saving = $20,000 and GDP = $110,000. a. %3D %3D private saving = $18,000 and GDP = $120,000. private saving = $20,000 and GDP = $126,000. private saving = $24,000 and GDP = $138,000. b. %3D С. %3D d. %3D a b. SaSuppose that consumption is $2,800, investment is $500, and government spending is $600. The economy is closed so there are no net exports. Taxes are $450. Based on this information: National saving is $ Private saving is $ Government (public) saving is $ Enter whole numbers. « Previous Next ASUS 15 8The following national accounting data are available for an economy for 2020. GDP Household Consumption Government Consumption Government Investment Direct and Indirect Taxes Subsidies by government Government Transfer Payments Government Interest Payments Retained Earnings Net Exports What is the level of national saving in this economy? Select one: a. 190 b. 150 c. 200 d. 250 e. 210 $ Billion 950 650 150 0 170 20 30 10 0 0
- Only typed answerIf national saving in a closed economy is greater than zero, which of the following must be true? O Y-C-G> 0 Investment is positive. O Either public saving or private saving must be greater than zero. O All of the other answers are correct.#42. Suppose a closed economy had public saving of −$6 trillion and private saving of $15 trillion. What are national saving and investment for this country? a $21 trillion, $9 trillion b $9 trillion, $21 trillion c $9 trillion, $9 trillion d $21 trillion, $21 trillion
- Which of the following statements is correct? A.the total income in the economy that remains after paying for consumption and government purchases is called private saving. B.the sum of private saving and national saving is called public saving. C.for a closed economy, the sum of private saving and public saving must equal investment. D.for a closed economy, the sum of consumption, national saving, and taxes must equal GDP.43. The table below shows aggregate values for a hypothetical economy. Suppose this economy has real GDP equal to potential output. Potential GDP $14 000 Government purchases $2100 Investment $300 Consumption $10 000 Net tax revenues $2000 TABLE 25-3Refer to Table 25-3. What is the level of national saving for this economy? $2000 $1900 $1800 $2500 $1500a. Show the national income identity equation for a closed economy. b. Use the expression in a to show the equality between national saving and investment. What is the representation of private saving and what is the representation of public saving?